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taken a step back on this debt ceiling standoff. should it be raised. this is how "the new york times" described it over the weekend. i'll put it up on the screen and have you react to it. backing down from the hardline stance, house republicans said friday they would agree to lift the federal government's statuary borrowing limit for three months with a requirement that both chambers of the congress pass a budget in that time to clear the way for negotiations on long-term deficit reduction to add muscle to the efforts to bring democrats to the table, they would include a provision in the debt ceiling legislation saying that lawmakers will not be paid if they do not pass a budget blueprint. was it right to step back from challenging the president over raising the debt ceiling? >> well, i think the house proposal is a step in the right direction. no doubt the senate hasn't done it's job. it's been nearly four years since it's passed a budget. the senate should pass a budget. but it doesn't go nearly far enough. we have a crisis. i just got back last week from afghanistan. and i had mul
's report card. >> the debt ceiling is a dangerous game. >> i don't see that as a winner for them. >> don't fight battles you can't win. >> it is a troubled time for the party. >> let's stop for a second. >> let's make clear decisions. >> the republican strategy. >> stop talking about rape. >> don't fight battles you can't win. >> it is a troubled time for the party, get something done. >> we have to be the party of new solutions, we're not just going to be the party of no. >> it is groundhog day. >> the conservatives, the retreat, we've come a long way since. >> i'm ezra klein in for lawrence o'donnell, one of the great moments, when redford having just won the election, sits down on the bed taking it all in. the next few words are not just to ever film junky, pretty much to every political candidate. >> what do we do now? >> what do we do now? that is always the question, what do you do now when you have to govern? but it is not just a question that affects winners, sometimes losers of elections have to ask what do we do now? and for them the question can be harder to answer, after all,
, next week we will authorize a three-month temporary debt ceiling increase. that was the announcement from the majority leader of the house republicans announcing they are giving up on what they had been saying for months was their plan, to not approve an increase in the debt ceiling to thereby push the country again into a self-imposed economic crisis and threat of defaulting on our national debt and all the panic we know that causes because they did it before in 2011. and eric cantore announced today they are not going to do that again even though they had been saying for months that they would. they gave up today on that threat. that's why the vix panic index stopped panicking today. that's the nice kickoff for what should be a nice weekend for the president. the white house unveiled the president's new second portrait. to refresh your memory, this is the first term one. same flag pin, similar blue tie, i guess. lots more gray up top. i don't know why they decided to go from the close cropped i.d. photo look from the first term to the i'm standing here in my office and i'm happy to
ceiling on this debt ceiling front, which would be good. they are going to keep us going every three months. we never get around to talking about the larger economic question. >> i don't want to have that conversation in the context of the three-month debt ceiling deals. if we are going talk entitlements, is there room to push on the entitlements and suggest a larger social safety net, things like providing opportunities for poor children beginning to close the wealth gap is a priority. >> raise the health care law. i think it's very important to remember that law isn't fully operational, yet. there is -- yes, exactly. there's an enormous amount of work to do. there's a lot of resistance in the states. that's going to be a struggle. >> one piece of that is in 1997 we did a balanced budget deal. one thing that happened when that period of republicans and democrats came together was step back and as part of consolidating the budget, they shift resources. that was the deal. it was a deficit reduction deal. one thing it created was a children's health program. it's functioning today. it
, give the weight of what happens if we breech the debt ceiling? social security checks will be late, veterans benefits delayed, troops won't get paid, tax returns held up, interest rates could spike, markets could go hay wooir. it could dip into the recession. deficit would go up. i mean, we're talking about a very punishing thing that will affect american people who had nothing to do with what they're trying to object to or deal with. >> you oo >> you're absolutely right. congress spent that money. they spent it. whether they liked it or not, they were the ones who spent it. but it's more important than that. it's what you point out. the stakes here are really high for the republican party. far be it from you to advise the republican party. but if i did, i would say stay away from shutting the government down. stay away from letting the debt ceiling not be raised because those are things that the american people will hate. they'll hate us defaulting onli blame you for it. they'll hate us shutting the government down. if you want to make a stand, make it in the sequester. the seques
a little mini cave on the debt ceiling, and it looks like they are going to be willing to extend the debt ceiling for three months with which is the cover of the new york times this morning, and what is that about? what is happening? >> well, it seems they are trying to line up their opposition to the president, this debt ceiling trying to line it up with two other big economic situations that we are going to be faced, that is to continue resolution that we common call the c.r. to keep the government running which expires the first of march. and then of course, we have the so-called, i don't know what to call it, but it is not the cliff, but it is not what i would call it. >> the curb. >> yes, the curb beginning to kick in, and we need to work with that and i think that they are trying to line it up to camouflage whatever they may do, which i think will be to vote to let the debt ceiling go up. >> okay. so i should not see this as we say in the black church, a "come to jesus" moment, but in washington they say we are outmanned on this, so we will have to give the president his way, becaus
Search Results 0 to 5 of about 6